Learn about the potential severe decline in Solana price along with Ethereum's stability post-announcement. Find out the technical analysis and forecasts.
Solana (SOL) price has dropped by 14% from its recent peak of $295 to $255, and analyses suggest a further 20% decline is possible. Meanwhile, Ethereum (ETH) has stabilized in the support range of $3,100 to $3,330 after Vitalik Buterin’s team announced halting the token’s sales. Technical indicators show Solana has less resistance against selling pressure and demand reduction. While Ethereum benefits from the 200-day moving average support and key horizontal levels, Solana faces a bearish outlook due to losing support levels. Forecasts indicate that with continued selling pressure, Solana’s price could hit the critical support level of $168 and experience another 20% decline.
